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life estate

British  

noun

  1. property that may be held only for the extent of the holder's lifetime

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Example Sentences

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If she is on Medicare/SSDI, you could buy her a home with your own funds and either lease it to her and/or allow her to live in it as a life estate.

From MarketWatch May 9, 2026

He will also leave me a life estate in our home.

From MarketWatch Apr. 7, 2026

A life estate or contractual right to occupy the property may affect whether the home is counted as an available asset and how it is treated financially.

From MarketWatch Mar. 3, 2026

A will cannot override a previously recorded life estate, since the decedent no longer holds full ownership of the property at the time of death.

From MarketWatch Mar. 3, 2026

Mr. Grey was a gentleman who had succeeded, when the heat of youth was over, to the enjoyment of a life estate of some two thousand a year.

From Vivian Grey by Disraeli, Benjamin, Earl of Beaconsfield

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